NEWS AGENCY OF NIGERIA

5 candidates cleared for AfDB presidency race – Committee

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By Lucy Ogalue

The race to lead the African Development Bank (AfDB) has officially begun with the release of the list of candidates vying for the prestigious role of president.

In a statement, the AfDB announced that this followed a two-day meeting held at the bank’s headquarters in Abidjan, Côte d’Ivoire, by the Steering Committee of the Board of Governors.

The News Agency of Nigeria (NAN) reports that the candidates cleared to contest for the top position represent a diverse cross-section of Africa’s leadership and development expertise.

“The Steering Committee, after examining the candidatures, cleared the following list of candidates for the office of the President of the AfDB during the next election to be held on 29 May.

“They include Mr Hott Amadou from Senegal, Dr Maimbo Munzele of Zambia, Mr Tah Ould from Mauritania, Mr Tolli Mahamat of Chad, and Ms Tshabalala Swazi from South Africa,” it said.

Each candidate brings a unique background and vision, setting the stage for what promises to be a competitive election that could shape the future trajectory of the continent’s premier development finance institution.

The upcoming election will determine who succeeds the current president, Dr Akinwumi Adesina, who has led the bank since 2015, steering it through significant reforms and challenging global economic conditions.

The election outcome will have far-reaching implications for Africa’s development agenda, particularly in areas such as infrastructure, economic growth, and climate resilience. (NAN)(www.nannews.ng)

Edited by Olawunmi Ashafa

AfDB, UNHCR support refugees, displaced persons

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By Kamal Tayo Oropo

The African Development Bank (AfDB) group and the United Nations High Commission for Refugees (UNHCR) are to address forced displacements in Africa.

The two bodies, in a groundbreaking move, reached the agreement on Friday in one of the events marking the closure of Africa Investment Forum, Market Days 2024, in Rabat, Morocco.

The event is with the theme: ‘Leveraging Innovative Partnership For Scale.’

The News Agency of Nigeria (NAN) reports that there are over 45 million forcibly displaced people in various communities on the continent.

Speakers noted that the AfDB and UNHCR partnership aimed to unlock the economic potential of these communities and promote sustainable development.

AfDB Vice President for Finance and Chief Financial Officer, Hassatou N’Sele, emphasised the need for African nations to reform their approach to addressing displacement.

“We need to be bolder and work together to make a lasting impact. It’s not about competition or visibility, but about changing lives.

“The partnership will focus on renewable energy, agriculture, entrepreneurship, and financial services to support refugees and displaced persons.

“By combining humanitarian aid with long-term development finance, the AfDB and UNHCR aim to create sustainable solutions for these communities,’’ she said.

UNHCR’s Assistant High Commissioner for Refugees, Raouf Mazou, noted that Africa was at a transformative moment, where everyone understands the need to approach forced displacement in a comprehensive manner.

“The business case is clear: refugees and IDPs must be part of the economy of the country or community that welcomes them,” he said.

According to him, this innovative partnership is a significant step toward addressing the complex challenges faced by refugees and displaced persons in Africa.

He said by working together, the AfDB and UNHCR could help create a brighter future for these communities and promote sustainable development across the continent. (NAN)  www.nannews.ng

Edited by Ifeyinwa Okonkwo/Vivian Ihechu

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